You will continue to be a participant in the PSEG 2004 Long-Term Incentive Plan as amended (“LTIP”). At the February 17, 2020 Organization and Compensation Committee (“O&CC”) meeting, it will be recommended that an LTIP grant of $1,360,000 be approved for you. This and any future LTIP grants will be in the form of 30% as Restricted Stock Units (“RSUs”) and 70% as Performance Share Units (“PSUs”). The number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the O&CC. All future grants under the LTIP will be subject to the terms of the LTIP and the related grant award agreements.

You will continue to be a participant in the PSEG 2021 Long-Term Incentive Plan (“LTIP”). It has be recommended to and approved by the Organization and Compensation Committee (“O&CC”) that you be provided with a supplemental 2023 LTIP grant in the amount of $450,000 bringing your total 2023 LTIP grant to $1,000,000. This will be in the form of 30% Restricted Stock Units (“RSUs”) and 70% Performance Share Units (“PSUs”). The number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the O&CC of the Board. All future grants under the LTIP will be subject to the terms of the LTIP and the related grant award agreements.

You will continue to be a participant in the PSEG 2004 Long-Term Incentive Plan as amended (“LTIP”). It will be recommended to the Organization and Compensation Committee (“O&CC”) that you be granted a 2016 LTIP award of $800,000. As a Senior Officer, this and future grants will be in the form of 40% as Restricted Stock Units (“RSUs”) and 60% as Performance Share Units (“PSUs”). In the future, the number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the O&CC of the Board. All future grants under the LTIP will be subject to the terms of the LTIP and the related grant award agreements.

Your will continue to be a participant in the PSEG 2004 Long-Term Incentive Plan as amended (“LTIP”). The Organization and Compensation Committee (“O&CC”) has approved a total 2014 LTIP award of $400,000. This award total will be reduced by our recent 2014 LTOP award of $250,000 resulting in an additional LTIP award of $155,000. As a Senior Officer, this and future grants will be in the form of 40% as Restricted Stock Units (“RSUs”) and 60% as Performance Share Units (“PSUs”). In the future, the number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the O&CC of the Board. All grants under the LTIP for 2014 and any future years will be subject to the terms of the LTIP and the related grant award agreements.

You will continue to be a participant in the PSEG 2004 Long-Term Incentive Plan as amended (“LTIP”). Future LTIP grants will be in the form of 35% as Restricted Stock Units (“RSUs”) and 65% as Performance Share Units (“PSUs”). The number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the Organization and Compensation Committee (“O&CC”) of the Board. All future grants under the LTIP will be subject to the terms of the LTIP and the related grant award agreements.

You will continue to be a participant in the PSEG 2004 Long-Term Incentive Plan as amended (“LTIP”). Any future LTIP grants will be in the form of 30% as Restricted Stock Units (“RSUs”) and 70% as Performance Share Units (“PSUs”). The number and form of LTIP grants recommended in any given year will appropriately reflect your responsibilities and ability to contribute to the long-term success of PSEG and is subject to the approval of the O&CC. All future grants under the LTIP will be subject to the terms of the LTIP and the related grant award agreements.